Post Tagged with: "college"

Student Debt Remains Largely Foreign In China

The world of loans, interest rates and rising tuition costs is not entirely unknown in China. The Ministry of Education reported a total student debt from loan contracts totaling 52.41 billion RMB ($8.1 billion) since 1999. Yet according to the U.S. Federal Reserve, Americans have accumulated a total student loan debt of $900 billion, or nearly 111 times larger.

China Exports Next Generation to American Universities

Unlike many Chinese students studying at American universities today, Shiyu Jin says the quality of education was not his sole reason for leaving China to travel to Austin. “I came to [the] U.S. because… this was the only way I can travel independently and be away from my parents,” said Jin.